Santa Monica-based Caltius Equity Partners announced Jan. 9 the sale of its portfolio company MC Sign, a signage and lighting service company based in Mentor, Ohio, to Arcapita Investment Management US Inc. The total value of the transaction was $100 million, Caltius said in a statement.
All divisions of MC Sign increased profits while under Caltius ownership, according to the firm. Caltius said it invested in technology, made bolt-on acquisitions and helped developed the management team at the company.
“The MC team transformed the business into a scalable platform capable of driving organic and acquisition growth during our investment period, and the company is well-positioned for the future,” said Michael Morgan, managing director at Caltius Equity.
Childs Advisory Partners served as financial advisor and DLA Piper as legal counsel to Caltius.